Shenzhen Zhaowei Machinery & Electronic Co Ltd (Ticker: 2692 HK) is a Chinese company focusing on integrated micro transmission and drive system products. Shenzhen Zhaowei plans to list its H shares on the Hong Kong Stock Exchange on March 9, 2026, planning to offer 26,748,300 shares, raising HKD 1.97 billion (approximately USD 251.91 million).

According to sources, Shenzhen Zhaowei plans to use the IPO proceeds for research and development, enhancing product capacity, brand promotion, business development, working capital, and strategic acquisitions. Reportedly, the company ranked as the number one provider of integrated micro transmission and drive systems in China and fourth globally by 2024 revenue, holding 405 relevant patents. The company integrates transmission systems, micro motor systems, and electronic control systems for applications across intelligent automotive, consumer technology, healthcare, and robotics sectors. According to filings, Deutsche Securities Asia Limited and China Merchants Securities (HK) Company Limited are acting as joint sponsors for the offering, supported by a syndicate of global coordinators and bookrunners.